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Exit Tata Steel, says Ambareesh Baliga

Ambareesh Baliga, Independent Market Expert is of the view that one can exit Tata Steel.

July 11, 2016 / 10:05 IST
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Ambareesh Baliga, Independent Market Expert told CNBC-TV18, "After the Brexit poll, it was very clear that as far as Tata Steel is concerned things will get delayed. That is what is going to happen, even going ahead I don’t think anything could be finalised in the next couple of months. So, from that point of view clearly I would be negative on Tata Steel at this point of time although in metal space overall I am not negative.""In fact, the rally could continue a bit longer in metals but Tata Steel is where I had given a buy, I think closer to about Rs 200-210 and I exited at about Rs 330-335. I think even at these levels if someone is holding should be exiting," he said.

first published: Jul 11, 2016 10:02 am

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